Browsing by Subject "L40"

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  • Hasan, Iftekhar; Marinc, Matej (2013)
    Bank of Finland Research Discussion Papers 7/2013
    Published in European Journal of Law and Economics, Volume 42, Issue 2, October 2016: 295–324
    This article investigates the nexus of competition and stability in European banking. It analyzes the European legal framework for competition policy in banking and several cases that pertain to anti-cartel policy, merger policy, and state-aid control. It discusses whether and how competition policy should be amended in order to preserve the stability of the banking system during crises. The article argues for increased cooperation between prudential regulators and competition authorities, as well as an enhanced framework for bank regulation, supervision, and resolution that could mitigate the need to change competition policy in crisis times. Keywords: Banking, Competition Policy, Financial Crisis JEL classification: G21, G28, K21, L40
  • Mälkönen, Ville (2004)
    Suomen Pankin keskustelualoitteita 17/2004
    This paper studies the competitive and efficiency implications of financial conglomeration driven by cost-efficiency gains in monitoring credit and insurance customers.The analysis shows that conglomeration is conducive to tougher competition in the credit market and increases profit in insurance.The aggregate profit in the financial sector does not increase, because the conglomerates pass the cost-efficiency gains on to the borrowers in full.More competitive market for financial services also reduces the aggregate risk in the financial markets, indicating that capital requirements in both sectors should be lower in the presence of financial conglomerates Key words: financial conglomerates, banking, insurance, capital regulation JEL classification numbers: G21, G22, G38, L40